Results 981-1,000 of 4,350 for speaker:Bobby Aylward

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Does the witness have no worries about Cerberus holding this-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I hear that in the South when NAMA was involved there was some room for companies or private individuals, but now that Cerberus is involved it is coming to them with a heavy hand and is ignoring all of their pleas. Cerberus is there to make money and get out the door. Regardless of the way it makes it, it will make it and that is it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Some of the individuals at the end of the stick might not agree with that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I will ask my last question. According to the Comptroller and Auditor General, there were eight or nine companies approached and in the end there were two or three. Eight other companies were refused entry. Why were they not left in the race to bid?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: The witnesses mentioned that there were eight or nine companies. That number dwindled down to Cerberus and Fortress Investment Group when PIMCO was gone. Eight other companies were not left in the race. Why were they excluded when they wanted to get into it? That is according to Comptroller and Auditor General's report.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: The report says they were refused entry. "Refused" means they were not even allowed in to bid. I am asking why they were refused entry and excluded.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Seen by whom to be able to write the cheque?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Perhaps that is the reason we will have three inquiries going on. Following on from Deputy Catherine Murphy's point regarding the relationship between NAMA and the debtors in Northern Ireland, it was stated that the relationship was poor and deteriorating all of the time. Some 50% of the loan book was in Northern Ireland. What percentage of that figure related to non-performing loans? I...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: As already stated, 50% of NAMA's portfolio was in Northern Ireland. I understand that 20% of its portfolio was in Britain, 7% was in southern Ireland and 8% was spread throughout the world and so on. I am talking about Northern Ireland and the political considerations and so on at the time.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: But the assets might not necessarily have been in Northern Ireland. They could have been located outside Northern Ireland.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I find it hard to believe that debtors would prefer to deal with a vulture fund rather than an organisation like NAMA or the banks. Were there non-performing loans in Britain and southern Ireland?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Was that because of political differences in terms of the old North-South issue?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: It had their support.

Written Answers — Department of Agriculture, Food and the Marine: Targeted Agricultural Modernisation Scheme (20 Oct 2016)

Bobby Aylward: 249. To ask the Minister for Agriculture, Food and the Marine when decisions are expected to be issued on applications lodged under tranche 3 of TAMS 2; if his attention has been drawn to the fact that dairy farmers will be subjected to a very short timeline in which to complete necessary works to milking parlours and associated machinery in advance of calving if decisions are not returned as...

Written Answers — Department of Education and Skills: School Costs (25 Oct 2016)

Bobby Aylward: 211. To ask the Minister for Education and Skills if he will address the huge disparity in school costs which exist from school to school throughout the country and the inequality faced by parents by providing funding for a free primary education system as costed at €103 million by a charity (details supplied); and if he will make a statement on the matter. [31767/16]

Public Accounts Committee: Business of Committee (25 Oct 2016)

Bobby Aylward: Are properties, houses, land or anything like that involved?

Public Accounts Committee: Business of Committee (25 Oct 2016)

Bobby Aylward: Cash?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: I welcome the witnesses to this meeting today. This committee is having an ongoing debate every week about NAMA and the sale of the Project Eagle portfolio. I will begin with an observation. I have been very frustrated at the lack of clarity and detail in terms of minutes of meetings and paper trail deficiencies. The quality of record keeping and documentation in general leaves a lot to...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: So there were two meetings. Where did those meetings take place and what was discussed?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: What level of detail did PIMCO have in respect of the portfolio to enable it to make an offer?